Atomou, I agree about the regulation. I feel that the lenders should be regulated on this matter. When I bought my houst the bank would only lend me 3times my annual salary. so I struggled to borrow 90000. Now lenders will give me 9.5times my anual wage. How the hell can anyone pay that off. if it was regulated to 3times the annual wage then the price of property would have stayed within a range that people can afford. so the boom would not have happened but the prices would have risen in line with earnings. this would give us a very stable economy, would it not? I'd be interested to hear other peoples opinions.
